The highest-revenue projects in the cryptocurrency market over the last 30 days have been announced, providing insight into industry-wide user and transaction activity.
Tether led the list of revenue generators, followed by Tron and Circle. These revenue figures are calculated from on-chain activities, stablecoin issuances, and decentralized exchange fees.
Revenue Performance of Leading Cryptocurrency Projects
Here are the cryptocurrency projects that generated the most revenue in the last 30 days, along with the change in their revenue compared to the previous month:
- Tether (USDT) – $437.4 million (-2.1%)
- Tron (TRX) – $227 million (-2.2%)
- Circle (USDC, EUROC, USYC) – $222.5 million (+0.6%)
- Hyperliquid (HYPE) – $104.3 million (+8.0%)
- PancakeSwap (CAKE) – $49.8 million (-1.5%)
- Ethena (ENA) – $37 million (-31.3%)
- pump.fun (PUMP) – $28.1 million (-36.7%)
- Axiom Trade – $21.5 million (-44.5%)
- Ethereum (ETH) – $19.6 million (+61.6%)
- Aave (AAVE) – $13.9 million (-3.9%)
- Aerodrome (AERO) – $13.8 million (-3.4%)
- Phantom – $12.7 million (-19.1%)
- Base – $10.3 million (+102.7%)
- Aethir (ATH) – $9.2 million (-27.8%)
- Lido Finance (LDO) – $8.3 million (-3.3%)
Key Contributors to Revenue
Stablecoin issuers Tether and Circle have maintained their dominance in the market, largely attributed to high interest income generated from their operations.
Tron secured its second-place position due to its high transaction volume on the network. A significant portion of Tron's revenue is derived from its extensive use for USDT transfers, highlighting its role as a key infrastructure for stablecoin transactions.